Sunday, April 14, 2019

Continental Partners Secures $15.8 Million Financing for Three California Properties



Zalmi Klyne
LOS ANGELES, CA – Continental Partners, a commercial real estate investment banking firm, recently secured a total of $15.8 million in financing across two transactions regarding three multifamily properties in South Los Angeles, California and one industrial property in Moorpark, California.

 The financing was arranged by Zalmi Klyne, Executive Vice President at Continental Partners.

The deals involved properties for which Continental Partners previously arranged acquisition bridge loans on behalf of the same two borrowers, both private investors, notes Klyne.

“Commercial real estate transaction activity has remained healthy in Q1 and many investors are seeking to both lock-in permanent financing with still-historically-low interest rates, as well as take out cash to put towards other opportunities to invest in the bull market, particularly in the industrial and multifamily sectors,” explains Klyne.

“That said, investors and lenders alike are keenly aware that a slight downturn is likely on the horizon, so it is becoming increasingly critical that borrower business plans are effectively communicated in order to secure competitive financing.”

CONTACTS:

Micaela Fehrenbach / Elisabeth Manville
(949) 438-6262

No comments:

Post a Comment